Althusser has approached the issue of the “reproduction of the conditions of production”, as a crucial question for the Marxist theory of the mode of production. Using Althusser’s framework, the research attempts a preliminary analysis of the transformation of these relations as a result of the recently passed law for the tertiary education in Greece. Data from the media, the Policy statements, the academia trade-union and the international community are used, indicating how the State Apparatus (SA) is enforcing a neo-liberal set of relations between the University and the Market, while decreasing public funding for education (up to 50%), already amongst the lowest in the European Union. The strong reaction against the law by the academia and –especially– the students, and the already detectable compromise to the law’s main demands raises the issue of the different functioning of the SA and the Ideological Sas —represented by the government and the academia respectively—, in particular within the current social-political-economic crisis. The research supports the argument that this law, viewed as another episode of the ‘shock and awe’ operation that the Greek society is undergoing, requires further theoretical elaboration, suggesting Badiou’s political and philosophical framework as a suitable starting point.